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Global automobile production and sales have been on the steady rise in recent years, arriving at 94.977 million units and 93.856 million units in 2016, respectively, a year-on-year rise of 4.7% for both, and are expected to reach 96.90 million units and 95.60 million units separately in 2017.

As the world’s largest automobile market, China recorded 26.00 million units in production and 25.84 million units in sales in the first eleven months of 2017, up 3.9% and 3.6% over the same period of last year. Full-year figures expectedly reach 28.75 million units and 28.57 million units, occupying 29.7% and 29.9% of the world’s total, respectively.

Body motor takes the lion’s share, as roughly 24 units are used on each car on average. Global shipments of body motor were approximately 2.31 billion units, 62.2% of total automotive motor shipments. As car configurations become more advanced, body motor use will continue to rise, attaining 30 units per vehicle in 2021 when worldwide body motor shipments are projected to hit 3.21 billion units.

Functionally, automotive motor is primarily divided into starter, generator and small motor. Global small automotive motor market is dominated by ASMO, Mitsuba, Nidec, Mabuchi and Johnson Electric. ASMO topped the list with a market share of 28.1% in 2016, followed by Mitsuba (19%). The world’s starter and generator market is occupied by Valeo, Denso, Bosch and Remy. Denso and Valeo held a combined 56.9% share of global starter and generator market in 2016.

In the wake of a surge in production and sales of new energy vehicles, the NEV drive motor market also booms. Global NEV drive motor market was up to USD2.15 billion in 2016 and is predicted to reach USD5 billion in 2021.